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Question 5 / 49:  How can a minimum wage actually hurt even the workers who stay on the job?
Answer: 

Employers could reduce workplace amenities and other perks to compensate for the higher labor expenses. It is possible that

employees would actually prefer the original combination of pay and other benefits to the combination they receive after the imposition of the minimum wage
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Interventionism: The Mixed Economy

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Attribution:  Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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